Thing is the gent drove down to show me the property with his wife and mother to let me in.

I would not really stay away from those areas as much as I would really make sure it is a good deal.My response comes from, when My mother was a pt,.

He used to owned a house for around 20 years and he have to sell it becuse of the divorce.2. 3 ladies, grandma 85 years old, mother, 57, and daughter 33.

I have heard single mothers are in the market for smaller homes.Don

I knew of a bank like that once, Merchants National Bank in Sacramento, I bet they are doing well too.Will, the richest guy I ever met, billionaire and that is not an exaggeration, told me in 2005 that when the mother of all booms was over, there will be several major drops.

Many of the agents I am forced to work with have no business in this business to begin with (it can be very bad in CA as everyone and their mothers have a RE license, perhaps they pass tehm out like candy here in CA)Thanks again for all the comments, please keep sharing other points of view as well as continuing with your previous thoughts.

Lastly, I would not recommend taking any money from your mother.

This is one of the many difficulties managing a small rental portfolio, you can get nickeled and dimed so many things that eat into your cash flow.On the other hand, if your mother nthly fee is at 4-6%, then it would be appropriate for the PM to tack on a 10% surcharge for all maintenance and repair items.

I lived in a place (rental) that had a "mother-in-law" unit behind the main residence.

(for my mother)Add master bathroom on second floor (would be placed directly above the kitchen and across the hall from another bathroom)All new systems (2 Zone HVAC, Plumbing (copper pipes), and electrical)I intend to use Spray foam insulationThe entire house would use low-mid tier materials with certain splurges(hardwood, kitchen cabinets)This will not be a rental, I'd live here.